From: owner-persfin-digest@lists.xmission.com (persfin-digest) To: persfin-digest@lists.xmission.com Subject: persfin-digest V5 #61 Reply-To: persfin Sender: owner-persfin-digest@lists.xmission.com Errors-To: owner-persfin-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes persfin-digest Wednesday, October 28 1998 Volume 05 : Number 061 In this issue of the Personal Finance Digest: landlord discussion Re: landlord discussion Re: Keeping track of stocks using an Excel spreadsheet Re: Roth conversion 4 yr rule: tax or income? CD'S Expiring air miles List of Dow 30 stocks and dividends Quicken Billminder problem Microsoft Money-Anyone Use It? RE: Att: Landlords - Come join the discussion in Landlord... The messages posted to the Persfin-Digest are opinions and are not intended to substitute for qualified professional advice. Subscribers should seek the services of qualified professionals for such advice. The publisher, Internet provider, and Digest contributors cannot be held responsible for any loss incurred as a result of the application of any of the information provided here. To ask questions or provide answers, send your email to "persfin-digest@lists.xmission.com". Also, you can "reply" to the persfin-digest and your email tool should fill in the same address. However, if you "reply", be sure to edit the subject field in your email to reflect your topic. Copyright (c) 1998, Jeff Salisbury POSTED SUBSCRIPTION FEE: $20/year. Payment is optional. You will not be billed. The Digest is available to all subscribers, whether or not they pay. I do not discriminate either in favor of paying subscribers or against nonpaying subscribers. If you feel that the information presented here is worth the fee, and you feel comfortable paying it, send cash, check, or money order (U.S. funds), payable to "Jeff Salisbury", to: Jeff Salisbury 65 North 1300 East Logan, Utah 84321 Payment will be acknowledged by e-mail if you include an e-mail address. Subscribe: e-mail majordomo@xmission.com, text: subscribe persfin-digest Unsubscribe: e-mail majordomo@xmission.net, text: unsubscribe persfin-digest ---------------------------------------------------------------------- Date: Mon, 26 Oct 1998 07:43:08 EST From: SMabel555@aol.com Subject: landlord discussion I deleted the PERSFIN with the URL for a landlord discussion. Can someone email it to me? Thanks. SM - - ------------------------------ Date: Mon, 26 Oct 1998 07:16:46 -0600 From: "Jim Reed" Subject: Re: landlord discussion Original Message----- From: Jacqueline D. Richardson To: persfin-digest@lists.xmission.com Date: Friday, October 23, 1998 2:19 PM Subject: Att: Landlords - Come join the discussion in Landlord Discussions A landlord group I am involved with just created a web community called Landlord Discussions. Below is their message. I just went in and signed up. Since it is new there are only a couple of messages there from the folks that have started it up, but spread the word to your fellow landlords - this is a much needed resource. - ------------- It's part of a leading web service called Delphi that specializes in helping people create their own discussion groups, chat rooms, and personal homepages. To join our discussion, simply go to http://forums.delphi.com/m/main.asp?sigdir=landlordsinNH&isp=if&pic=in-LANDLORD S4568 If you've never used Delphi before you'll need to go through a quick registration (so you can post messages). It only takes a minute and it's free! - - - -----Original Message----- From: SMabel555@aol.com To: persfin-digest@lists.xmission.com Date: Monday, October 26, 1998 6:44 AM Subject: landlord discussion >I deleted the PERSFIN with the URL for a landlord discussion. Can someone >email it to me? Thanks. > >SM > >- > - - ------------------------------ Date: Mon, 26 Oct 1998 07:26:02 -0600 From: "Rip West" Subject: Re: Keeping track of stocks using an Excel spreadsheet Randy Barnes said........ << Don't worry about the Beardstown Ladies problem, as you will never have this come up unless you invest as a group, and collect dues. Our group holds two accounts, one at >> There was (and seems to be still) a common misconception that the Beardstown Ladies problem was caused by reflecting the dues paid as return on investment. Not true. As a result of the flap the Beardstown Ladies engaged a national cpa firm. Their report showed that the problem resulted from a simple misunderstanding of the software that the club was using to compute the return on investment, and had to do with the period for which the computation was being made, not the dues being included. Yes, I went to the recommended Motley Fool Site, and they have it wrong also. rip - - ------------------------------ Date: Mon, 26 Oct 1998 07:45:36 -0500 From: Rich Carreiro Subject: Re: Roth conversion 4 yr rule: tax or income? >If I convert today, do I take the conversion amount, divide by four, and add it >to my income over the next four years, or do I calculate my additional tax >liability, and divide that over four years (adding it to my tax each year)? In 1998 you have two choices: (a) report the entire taxable amount of the conversion as income for the 1998 tax year, or (b) report 1/4 of the taxable amount as income in tax years 1998, 1999, 2000, and 2001. For 1999 and beyond, you can only do (a). Rich Carreiro rlcarr@animato.pn.com P5-100/RedHat Linux 4.1 - - ------------------------------ Date: Mon, 26 Oct 1998 09:54:41 EST From: DukeoW@aol.com Subject: CD'S Date: Sat, 24 Oct 1998 17:39:44 EDT From: DBlake9783@aol.com Subject: Certificates of Deposit I need some advice on investing via CDs. I am totally inexperienced and need adviceon starting out with them. THANKS - - - WHY do you want to "INVEST" in cd's??? Usually people use these for parking money for short term, protected against everything except interest loss. But the rate of return is lousy. And its taxed. Bankers love them, They get money cheap, for fixed term and lend it out at 7-18% !!! There are charges, lost interst in closing before due date, changes are good only at maturity. When interest rates are high as in the early REAGAN years, returns sounded good, inflation and taxes ate the earnings up. Have a real reason for a CD!! Then look at alternates. When we paid off our mortgage years back we started a mutual account for taxes, upkkeep, trips etc. It was in a FULLY tax exempt fund with TR Price. Since we live in MD, it was the MD Tax exempt LONG term fund. Returns have been in the area of 6.3% down now to about 5.4%. But with the multiplier for zero taxes it is more like 8.5% before tax rate. NO CD will even come close. Since the odds are U don't live in MD, consider your own state TE fund. Advantages: Withdraw at any time by check. Deposit at any time by any means possible. Compound growth. No taxing and increase of gross and net income. Disadvantages. Some loss of capital if interst rates increase significantly, taxed on capital gains on bonds sold by fund, if any. Rate is 20% since most will be long term. Not insured by FDIC. Again ask why U want to by CD's. If you have long term growth in mind, they are losers. Any term over 3 years will nearly always make much more money in an index fund from one of the two low cost no load funds familys. At 5 years near zero risk of less return in indexes. Have you any other savings, investments etc? Any other investment experience? duke - - ------------------------------ Date: Mon, 26 Oct 1998 12:41:50 -0800 (PST) From: "L. Mccullough" Subject: Expiring air miles It seems to me that last year someone had some information about donating air miles to some organization(s) for use if the miles were expiring. Does anyone have any information about this. I have some miles expiring the end of the year and will not be able to use them and would sure like to see someone get some good out of them. Thanks. Linda McCullough The bluest skies are in Seattle - - ------------------------------ Date: Mon, 26 Oct 1998 18:33:20 -0500 (EST) From: "L. Chen" Subject: List of Dow 30 stocks and dividends 1. Is there a WWW that maintains a list of Dow 30 stocks with its dividends updated on a regular basis? 2. Is there a WWW that has the historical information on #1 above? TIA Chen - - ------------------------------ Date: Tue, 27 Oct 1998 18:16:08 -0500 From: Ken Stone Subject: Quicken Billminder problem I use Quicken for Mac, version 7. Billminder has started to report on the status of two data files. One file is correct and the other is not. Does anyone know how to stop Billminder from reporting on this 'phantom' data file? Thanks, Ken - - ------------------------------ Date: 28 Oct 98 09:34:11 EST From: Jacqueline.D.Richardson@Hitchcock.ORG (Jacqueline D. Richardson) Subject: Microsoft Money-Anyone Use It? I have set it up for my apartments and it seems to be doing what I need, but I have a few questions about the Mortgage Loan part. I bought a book but there isn't much in it about Loans and the "Help" feature is never very helpful. Please respond directly to me so we don't waste the list space. Thanks a lot! jackie Jacqueline.D.Richardson@Hitchcock.org - - ------------------------------ Date: Tue, 27 Oct 1998 15:24:08 -0500 From: Rick.Schafer@bdk.com Subject: RE: Att: Landlords - Come join the discussion in Landlord... Subject: RE: Att: Landlords - Come join the discussion in Landlord Discussions Jacqueline , Thanks for that info. I belong to 3 landlord's associations here in Mass., and I write a monthly column for one of our newsletters on using the internet for real-estate investing. I will most definitely check it out & hopefully find some contacts and material there. Rick Schafer rick.schafer@the-spa.com - - ------------------------------ End of persfin-digest V5 #61 **************************** - To unsubscribe to persfin-digest, send an email to "majordomo@xmission.com" with "unsubscribe persfin-digest" in the body of the message. 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